What does the proposed armistice mean to Red China? From his listening post in Hong Kong last week, TIME Bureau Chief Robert Neville cabled this report:

PEKING calls it a Chinese victory. To many westerners here, it looks as if the U.S. is rescuing Red China from the brink of disaster—and in such a way that the Reds are able to present the armistice negotiations to their own people and to much of Asia as a great moral and military success for Red China and a stiff defeat for the U.S.

"Utter Defeat." The...

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